3 ms·
We have pretty quaint notions about FDI. Foreign capital is always looked at with distrust (at least by the older set of politicians) so there is a lot of polit
by vamsee 15y ago
We have pretty quaint notions about FDI. Foreign capital is always looked at with distrust (at least by the older set of politicians) so there is a lot of political hand-wringing about how allowing 100% FDI in retail will destroy small traders, etc. Of course, this stance is also encouraged by food suppliers/speculators, so this will take some time to work itself out. But most people say allowing 100% FDI in retail is only a few months away. So Amazon might just be preparing ground for a eventual entry.